Markets rallied today on ECB statements, and naturally European country ETFs EWP-Spain and EWI-Italy benefited the most from this chatter, up 7.2% and 6.5%, respectively. Other European ETFs followed suit, with larger than average inflows into EFG-EAFE Growth.
ITB-Home Construction also rallied today, recovering from yesterday poor home sales numbers. GDXJ had another strong day, up 3.8%. VIX based ETFs gave back some of their recent gains, with VXX down nearly 7.5%.
Flows on the desk once again saw inflows into High Yield Corporate Bonds, HYG and JNK.
We also saw sellers of the short and medium dated Treasuries, IEI-3-7 Year and IEF-7-10.
Broad based commodity ETF DBC saw inflows, while we saw mostly outflows from Emerging market ETFs today, with sellers of EWT-Taiwan, and EWM-Malaysia.
Lastly, the trend in domestic Preferreds persisted, with a buyer of PFF-US Preferred. Thanks for reading, -Shakes.
Eric Mustin (sitting in this week for Chris Hempstead)